1. A person that has both a penis and a vagina; a hermaphrodite.

2. A woman with an abnormally enlarged clitoris.
"Take off her pants and you'll see that Mabel is a pink unicorn."
by PinkUnicorn29 August 3, 2016
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A supernatural creature whose existence can not be demonstrated, but for which certain facts are nevertheless asserted (if it's invisible, how do you know it's pink?).

Apparently orginating on the alt.athiest usenet group as a way to either argue the existence of God with non-athiests without getting personal, or mock them relentlessly. Sometimes shortened to IPU.
We know the Invisible Pink Unicorn exists, because no matter how hard hard we look we can't see her.
by irzebra March 19, 2004
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The Invisible Pink Unicorn is the goddess of a satiric parody religion aimed at theistic beliefs, which takes the form of a unicorn that is paradoxically both invisible and pink... imagine that.
The Invisible Pink Unicorn is commonly used to highlight the perceived fallacious or arbitrary nature of supernatural beliefs by, for example, replacing the word "god" in any theistic statement with "Invisible Pink Unicorn".
by myana___ February 13, 2008
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While performing sexual intercourse, inside a girl's anus, you quickly jump onto her shoulders, place your genetalia on top of her cranium, and allow your sperm to evacuate your penis into the night sky.
#1.) so i was fuckin this bitch in the ass and before i was about to jizz i jumped all up on her shoulders and slapped my wang on her head and performed a flawless glittery pink unicorn. . .it felt reaall nice
#2.) My cunt mother was real upset when, while performing anal intercourse with her, i flew up onto her shoulder and performed a glittery pink unicorn with perfect form.
#3.) titties!
by usedQtip April 3, 2011
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A beautiful, gentle, loving, cute beast that loves to dance on rainbows and watch the Glee regionals.
pink fluffly unicorns dnacing on rainbows :D
by Nyan cat FTW May 12, 2011
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The best thing you could imagine because Pink Fluffy Unicorns Dancing On Rainbows are things only seen in dreams and sometimes TV shows and films. They are quick, smart, loyal and fat.
Pink Fluffy Unicorns Dancing On Rainbows is my favourite YouTube song.
by WWEFIFA_Rhys August 5, 2018
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